Published: 28.12.2025
The source says that Russians are formally allowed to open accounts with foreign banks but often face refusals because of sanctions and source-of-funds checks. Transfers from sanctioned Russian banks may not be accepted by migration authorities when applying for residence or citizenship.
For a person relocating, this creates a practical risk when opening an account, proving funds and transferring money for an immigration procedure. According to the source, holding a residence permit or second citizenship may improve the chances of opening an account, but does not remove sanctions-related restrictions on the origin of funds. The issue primarily affects Russian citizens who need to transfer money or demonstrate financial capacity through a European bank. It is worth considering early when planning the financial side of relocation, especially where an application involves investment funds or a bank-account requirement.